Applications of Funds of a trust
This query is : Resolved
07 November 2009
My query is 'If a trust provides money for construction of a building of another trust then will this be treated as application of fund?'
07 November 2009
If it is a donation and the recipient is a registered charitable trust, payment can be claimed as application of income.
Guest
Guest
(Expert)
07 November 2009
Can be if the objective of the TRUST is of Construction of Building for poor or other TRUST
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